The effects of IMF lending arrangements : a study of the intentions of thInternational Monetary Fund, and the macroeconomic effects of their lending …

2013

Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2013 The International Monetary Fund (IMF or the Fund) has been acting as an international lender of last resort, mainly supporting emerging and developing countries the last decades. After various crises hit the world economy in the second half of the 1990s, intensive criticism against the IMF has emerged, related to the macroeconomic effects of their lending arrangements. This thesis contributes to the debate on how the IMF’s lending arrangements affect their member countries in terms of macroeconomic outcomes, with emphasize on balance of payments, economic growth, and inflation. I will present a literature review, and bas…